NEWBURYPORT, MASS. — The Kane Company has negotiated the sale of a 7,200-square-foot flex industrial property in Newburyport. The property is located on 2.5 acres at 4 Malcolm Hoyt Drive. Anthony Triglione of Kane represented the seller, Dakota Realty Trust, and procured the buyer, M&L Realty Trust.
COPPELL — Duke Realty Corp.'s Dallas office has entered into a long-term lease agreement with SP Richards Co. for 212,776 square feet in its Freeport VII building, a 383,925-square-foot warehouse and distribution building in Coppell. SP Richards is an office supplies and furniture distributor that will consolidate 130,324 square feet it currently has in two distribution facilities in Carrollton into Freeport VII, and will lease an additional 82,450 square feet in the building to meet its expanding space needs. Freeport VII, located at 631 S. Royal Ln., is 55.4 percent occupied. Randy Wood represented Duke Realty in house.
JOLIET, ILL. — Beacon Realty Capital Services has arranged a $20 million mortgage loan on Central Grocers headquarters and distribution facility in Joliet. The 940,000-square-foot facility features state-of-the-art temperature-controlled storage and 38-foot warehouse clear heights. Beacon's Jim Ablan sourced the 10-year loan, which carries a 25-year amortization schedule. The loan was placed with RBS Citizens, N.A. (Charter One).
ORLANDO, FLA. — Mohawk Industries Inc. has leased 46,002 square feet of industrial space in Orlando. Located at 7320 Kingspointe Parkway, the property was leased for an undisclosed price. Moses Salcido of Southern Commercial Real Estate Advisors represented the landlord, Crownpointe Buildings, in the transaction. Kaycee Kapels of Jones Lang LaSalle represented the tenant. Terms of the lease were not released.
SHELBY TOWNSHIP, MICH. — Close Quarters Tactical LLC has signed a lease for a 26,660-square-foot industrial building, which is located at 50485 Utica Road in Shelby Township. The tenant will offer a state-of-the-art tactical gun range within the facility. The new location will serve as a training center of choice for police, SWAT, FBI and corporate security teams across the Midwest. Jason Capitani and Joe DePonio of L. Mason Capitani CORFAC International represented the tenant and the undisclosed landlord in the deal. Terms of the lease were not released.
SAN FRANCISCO — Cassidy Turley BT Commercial’s Scott Mason has represented Tony Leong in his $5.85 million acquisition of a 30,000-square-foot warehouse facility in San Francisco from YRC Inc. The new owner/user operates an electrical company and will be utilizing a portion of the property, which is primarily a cross-dock facility that also consists of nearly 70,000 square feet of yard space.
SALEM, ORE. — Marcus & Millichap has presided over the sale of two industrial buildings totaling 156,000 square feet, located at 4050 and 4060 Fairview Industrial Drive in Salem. Terms of the deal were not disclosed. Marcus & Millichap’s Michael Kapnick and Will Stone represented the buyer and the seller, both limited liability companies, in the transaction.
IRVINE, CALIF. — Voit Real Estate Services has negotiated a $7.7 million lease for a 93,433-square-foot industrial property located at 17622 Von Karman Ave. in Irvine. Voit’s John Griffin represented the landlord, MDD Partners II LP, in the transaction, and Jones Lang LaSalle’s Wade Clark represented the tenant, Latisys-Irvine LLC.
EAGAN, MINN. — Hanco Corp. has acquired an office-warehouse facility in Eagan for an undisclosed price. Situated on 5.11 acres at 2855 Eagandale Blvd., the 73,405-square-foot property will serve as the headquarters for the buyer. The property was previously occupied by the seller, Factory Motor Parts. Zach Anderson and Phil Simonet of Bloomington, Minn.-based Paramount Real Estate Corp./TCN Worldwide represented the buyer in the transaction.
WAYNE, N.J. — NAI James E. Hanson has brokered the sale of a flex building located at 400 Newark Pompton Turnpike in Wayne. The property consists of a 39,000-square-foot building situated on more than 5 acres. The building features 9,000 square feet of office space, with the remainder consisting of warehouse space. The warehouse component contains 24-foot clear ceilings, three dock doors, drive-in capability, outside storage space, and car and trailer parking. The buyer, Krowne Metal Corp., plans to also occupy the building. NAI's Barry Cohorsky represented the buyer. W. Joshua Levering and Gregory Reid, also of NAI, represented the seller, The United Yarn Products Company. The acquisition price was not released.
